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tds from remuneration to partners

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2010 Whether TDS is to be deducted from remuneration or salary or commission given to partners?
IF yes, under which section?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 September 2010 TDS not applicable on Partners remunarations
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 September 2010 As per Section 28(v) of the Income Tax Act, salary paid to a partner of partnership firm is only business income in the hands of the partner and therefore no TDS would be made on the same.
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Ajay Mishra

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Ajay Mishra (Expert)
13 October 2010 Hi


Please also check the following link:


https://www.caclubindia.com/forum/salary-to-partner-58856.asp



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